COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Think
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Wait
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Eat
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Detailed explanation-1: -Summary: Usually, when we make any decision, the result probability is either positive or negative. So, for effective decision making, a person must weigh the positives and negatives of each option, and consider all the alternatives.
Detailed explanation-2: -Step 1: Identify the decision You realize that you need to make a decision. Try to clearly define the nature of the decision you must make. This first step is very important.
Detailed explanation-3: -Think about your goals and values. It’s important to be true to ourselves and what we value in life. When you factor into a decision the things that are important to you, the best option might become obvious. At any rate, you’re more likely to end up with an outcome you’re happy with.